Nifty price-RSI combination indicates a potential bullish divergence, says Anand Rathi's expert

What happened: Nifty 50 ended at 22,520 on Friday, 9 October, snapping an eight-week losing streak with a gain of nearly half a per cent. Anand Rathi's Jigar S. Patel said the price-RSI combination shows a potential bullish divergence. Key numbers: Nifty closed at 22,520. Why it matters: Patel said the setup suggests selling momentum may be weakening and the index may be building a durable base, but a decisive move above resistance is needed to confirm recovery, while a breakdown below support could invalidate the view.

Nifty RSI signals potential bullish divergence, a technical buy catalyst.

Nifty RSI signals potential bullish divergence, a technical buy catalyst. — impact context not separately stored; see What changed.